NXP Semiconductors NV (NXPI) Lifted to Strong-Buy at Vetr Inc.
NXP Semiconductors NV (NASDAQ:NXPI) was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating in a research report issued on Wednesday.
Other equities analysts have also recently issued research reports about the company. SunTrust Banks Inc. reaffirmed a “buy” rating on shares of NXP Semiconductors NV in a report on Saturday, June 25th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $110.00 price target on shares of NXP Semiconductors NV in a report on Tuesday, June 21st. Nomura reaffirmed a “buy” rating and issued a $100.00 price target on shares of NXP Semiconductors NV in a report on Monday, June 20th. Drexel Hamilton reaffirmed a “buy” rating on shares of NXP Semiconductors NV in a report on Wednesday, June 15th. Finally, Morgan Stanley reaffirmed a “buy” rating on shares of NXP Semiconductors NV in a report on Wednesday, June 15th. One research analyst has rated the stock with a sell rating, two have given a hold rating, twenty-six have assigned a buy rating and two have issued a strong buy rating to the company’s stock. NXP Semiconductors NV presently has an average rating of “Buy” and a consensus price target of $106.79.
NXP Semiconductors NV (NASDAQ:NXPI) traded up 0.79% during trading on Wednesday, reaching $102.74. The company’s stock had a trading volume of 2,852,418 shares. The stock has a 50-day moving average of $89.61 and a 200 day moving average of $86.03. The firm has a market capitalization of $25.87 billion, a P/E ratio of 33.29 and a beta of 1.63. NXP Semiconductors NV has a one year low of $61.61 and a one year high of $105.29.
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NXP Semiconductors NV (NASDAQ:NXPI) last released its quarterly earnings results on Wednesday, July 27th. The semiconductor provider reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.04. The company earned $2.37 billion during the quarter, compared to analysts’ expectations of $2.35 billion. NXP Semiconductors NV had a return on equity of 14.34% and a net margin of 11.95%. NXP Semiconductors NV’s quarterly revenue was up 57.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.44 EPS. On average, equities research analysts predict that NXP Semiconductors NV will post $5.75 EPS for the current fiscal year.
A number of hedge funds have recently bought and sold shares of the stock. Mackay Shields acquired a new stake in NXP Semiconductors NV during the fourth quarter worth $37,245,000. Blackstone Group L.P. acquired a new stake in NXP Semiconductors NV during the second quarter worth $868,922,000. TPG Group Holdings SBS Advisors Inc. acquired a new stake in NXP Semiconductors NV during the fourth quarter worth $825,737,000. Jennison Associates LLC boosted its stake in NXP Semiconductors NV by 15.5% in the second quarter. Jennison Associates LLC now owns 9,469,774 shares of the semiconductor provider’s stock worth $741,862,000 after buying an additional 1,274,155 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in NXP Semiconductors NV by 202.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,348,629 shares of the semiconductor provider’s stock worth $787,622,000 after buying an additional 6,260,382 shares in the last quarter. Institutional investors own 85.50% of the company’s stock.
About NXP Semiconductors NV
NXP Semiconductors N.V. (NXP) is a holding company. The Company operates as a semiconductor company and a long-standing supplier. The Company provides high performance mixed signal and standard product solutions. The Company’s segments include High Performance Mixed Signal (HPMS), Standard Products (SP), and Corporate and Other.
To view Vetr’s full report, visit Vetr’s official website.
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